We believe that 2022 promises to be an exciting year for NOAH from a financial perspective. We made a big investment in staffing in Q4 of 2021 and this will continue throughout 2022 to build the infrastructure to support services previously provided by HonorHealth.
The NOAH Finance Team will monitor our revenue growth, operating margin, and the impact on our Balance Sheet as we embark on our next Capital Project with the relocation of Cholla Health Center.
2022 Budget
NOAH is budgeting revenue to grow to $65 Million in 2022, from $50 Million in 2021. Patient Revenue supports 77% of our total revenue. We are forecasting major growth in our specialty services.
NOAH Encounters by Service Line:
| 2021 | 2022 Budget | % Increase | |
| Medical | 132,604 | 163,161 | 23% |
| Dental | 10,165 | 20,070 | 97% |
| Behavioral Health | 53,993 | 67,020 | 24% |
| Nutrition | 6,862 | 17,359 | 153% |
| Psych | 32,526 | 35,007 | 7% |
| TOTAL | 236,150 | 302,617 | 28% |
NOAH’s expenses are also expected to grow significantly in 2022 over 2021. Around 75% of our total expenses relate to Salaries and Benefits. We are budgeted to add 56 new positions to the NOAH family in 2022.
If you have additional questions about growth, new positions, or other financial information, please check ask your supervisor.
